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Supplementary Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Supplementary Quarterly Financial Data (Unaudited) Supplementary Quarterly Financial Data (Unaudited)
(in thousands, except per share data, for the quarters ended)March 31June 30September 30December 31
2020
Revenue1
$359,183 $360,712 $364,455 $363,918 
Operating Income1
$92,744 $97,251 $113,381 $114,775 
Net Income Including the Noncontrolling Interests in Subsidiaries
$63,265 $84,801 $86,684 $101,272 
Amounts Attributable to Federated Hermes, Inc.
Net Income
$64,178 $81,196 $85,822 $95,168 
Earnings Per Common Share – Basic
$0.63 $0.81 $0.86 $0.94 
Earnings Per Common Share – Diluted
$0.63 $0.80 $0.85 $0.93 
2019
Revenue
$307,050 $321,479 $340,340 $358,025 
Operating Income
$70,889 $84,940 $89,307 $102,791 
Net Income Including the Noncontrolling Interests in Subsidiaries
$54,611 $63,840 $73,585 $85,089 
Amounts Attributable to Federated Hermes, Inc.
Net Income
$54,546 $62,724 $72,962 $82,107 
Earnings Per Common Share – Basic and Diluted
$0.54 $0.62 $0.72 $0.81 
1    During the first, second, third and fourth quarters of 2020, Voluntary Yield-related Fee Waivers totaled $0.4 million, $19.7 million, $36.8 million and $56.1 million, respectively. These fee waivers were partially offset by related reductions in distribution expenses of $0.3 million, $17.7 million, $33.0 million and $47.4 million, respectively, such that the net negative pre-tax impact to Federated Hermes was $0.1 million, $2.0 million, $3.8 million and $8.7 million, respectively.